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dc.titleHysteresis in Unemployment: Evidence from Latin America
dc.contributor.authorMednik, Matias
dc.contributor.authorRodríguez, César
dc.contributor.authorRuprah, Inder J.
dc.contributor.orgunitOffice of Evaluation and Oversight
dc.coverageArgentina
dc.coverageBrazil
dc.coverageChile
dc.coverageColombia
dc.coverageCosta Rica
dc.coverageEcuador
dc.coverageMexico
dc.coverageNicaragua
dc.coveragePanama
dc.coverageParaguay
dc.coveragePeru
dc.coverageUruguay
dc.coverageVenezuela
dc.coverageCentral America
dc.coverageSouth America
dc.date.available2011-07-19T00:00:00
dc.date.issue2008-03-01T00:00:00
dc.description.abstractThis paper tests the hysteresis hypothesis in unemployment for 13 Latin American countries covering the period 1980-2005. The tests exploit the time series and the cross sectional variation of the series, and allows for cross section dependence and a different number of endogenously determined structural breakpoints. The findings give support to the hysteric dynamic hypothesis for the majority of the countries analyzed. The implications of the results have ramifications regarding macro-stabilization, structural reform, and the design of social safety protection.
dc.identifier.doihttp://dx.doi.org/10.18235/0011139
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Hysteresis-in-Unemployment-Evidence-from-Latin-America.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectFinancial Crisis and Structural Adjustement
dc.subjectWorkforce and Employment
dc.subject.jelcodeC22 - Time-Series Models • Dynamic Quantile Regressions • Dynamic Treatment Effect Models • Diffusion Processes
dc.subject.jelcodeC23 - Panel Data Models • Spatio-temporal Models
dc.subject.jelcodeE24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity
dc.subject.jelcodeJ24 - Human Capital • Skills • Occupational Choice • Labor Productivity
dc.subject.jelcodeJ60 - Mobility, Unemployment, Vacancies, and Immigrant Workers: General
dc.subject.keywordsWP-04/08
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
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